Pacific Basin Repurchases to Cancel 6.5 Million Shares

MT Newswires Live

2024/10/18

Pacific Basin Shipping (HKG:2343) repurchased to cancel a further 6.5 million shares on Friday on the market for a little over HK$14.1 million, a filing with the Hong Kong Exchange said on the same day.

The repurchase was done at the minimum per-share price of HK$2.10 and the highest price per share of HK$2.26.

The company has so far repurchased 112,279,000 shares out of the 526,382,305 shares it was authorized to repurchase.

The maritime transport company's shares rose over 7% on Friday's close.

Price (HKD): $2.26, Change: $+0.15, Percent Change: +7.11%

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